Ethereum has finally touched an all-time high from the middle of January 2018 after three years of waiting. We have experienced nice price appreciation starting at 740 USD beginning of January 2021 and reaching 1440 USD today. Ethereum is the second-largest cryptocurrency after Bitcoin and has huge potential with its smart contract feature.
If you want to know more about Ethereum also known as world computer, feel free to read the recent article where we compare it with the similar smart contract platform Tron.
Bitcoin versus Ethereum
Definitely, this coin has a bright future ahead and there are many discussions that Ethereum can flip the Bitcoin as the number one cryptocurrency measured by market capitalization. As you know everything is possible in crypto.
Bitcoin is going straight to meet its ambition as a fair store of value since everybody is a holder in order to be protected against coming inflation. Ethereum, on the other side, has many more use-cases and with the recent DeFi (Decentralised Finance) hype it can really prove the leading position.
Ethereum price estimation
Many crazy estimations are coming out by famous You Tubers that Ethereum price can reach from 10.000 USD – 50.000 USD per token soon.
Let me please summarise some major milestones that can affect the price. I would not do any estimation but based on the following facts you can do your research.
Ethereum 2.0
Everybody is awaiting a major technical update that should solve the scalability problem and high network fees. This includes also the switch to the Proof of stake algorithm that according to the last news should happen this year without any temporary problems.
EIP 1559
Many Bitcoin maximalists blame Ethereum that has no maximum supply cap and hence is the inflationary coin. This will change with the upcoming EIP (Ethereum improvement protocol) 1559 and it’s burning coin mechanism that is going to be implemented. After this update, Ethereum can be considered a deflationary coin similar to Bitcoin.
Ethereum Future derivates CME launch
Probably you remember what happened with the Bitcoin price after the future derivates CME launch dated 17th of December 2017. Can we expect the same and experience the ETH price dump?
Obviously, we do not have a crystal ball and anything can happen. This is step will bring Ethereum in front of institutional investor’s eyes and we consider it as a positive step from a long-term point of view.
This was just very simple review of the major milestones coming and we encourage you to do your own research.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
